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Hancock signs up for lithium at Mt Bevan

Gina Rinehart’s Hancock Magnetite Holdings has inked a lithium earn-in and joint venture (JV) agreement with junior explorers Legacy Iron and Hawthorn Resources over the Mt Bevan project, in Western Australia. Under the agreement, Hancock would make an initial unconditional investment of A$4-million for a 7.5% interest in the project, with A$2.4-million in cash to be paid to Legacy and A$1.6-million to Hawthorn.
Western Australia Brian Thornton Mt Ida Rakesh Gupta Mt Bevan Gina Rinehart Hancock Magnetite Holdings

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